Fund Management

Private Banks, Wealth Managers Join Big Exchange Programme

Editorial Staff, 6 June 2019

articleimage

From launch, The Big Exchange will offer funds to retail investors, charging among the lowest possible rates in the market, while investing in businesses that have a positive impact on society and the planet.

Geneva-based Union Bancaire Privée, as a founding member, is supporting a UK-based mobile services proposition to widen access to financial services. The private bank joins other wealth management entities such as Pictet, C Hoare & Co, and Quilter.

From launch, The Big Exchange will offer funds to retail investors, charging amongst the lowest possible rates in the market, while investing in businesses that have a positive impact on society and the planet, UBP said in a statement yesterday. 

The Big Exchange was co-founded by The Big Issue magazine. The Positive Impact Equity strategy will be available on The Big Exchange when it launches and other UBP sustainable funds will join in due course. The Positive Impact Equity strategy offers investors exposure to a focussed portfolio of listed equities aligned to the UN’s Sustainable Development Goals, including companies with revenue streams which address the world’s most pressing environmental and societal challenges, UBP said.

The Big Exchange will charge a fee of 25 basis points, or £0.25 for every £100 invested, for accessing these funds, excluding management fees.

“An engaged and informed retail investment community is key to the success of impact investing. Together with the other founding members, we are aiming to provide retail investors with an accessible, modern and clear platform, which empowers them to make choices which align their financial goals with their views on the planet and society,” Jean-Luc Eyssautier, head of UK sales and marketing at Union Bancaire Privée, said.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes